Estate Planning — New York State https://protectlegacy.net/ New York State estate planning by Morgan Legal Group Fri, 19 Jun 2026 03:52:19 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.6 https://protectlegacy.net/wp-content/uploads/2024/05/Legal-Network-Logo-150x150.png Estate Planning — New York State https://protectlegacy.net/ 32 32 What Is a Medicaid Asset Protection Trust in New York? https://protectlegacy.net/what-is-a-medicaid-asset-protection-trust-in-ny/ Fri, 19 Jun 2026 03:52:19 +0000 https://protectlegacy.net/what-is-a-medicaid-asset-protection-trust-in-ny/ A Medicaid Asset Protection Trust (MAPT) in New York is an irrevocable trust you create — usually well before you ever need nursing-home care — to move assets like your home and savings out of your own name so they no longer count against you when you apply for Medicaid long-term care benefits. Because the […]

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]]> The New York 5-Year Medicaid Look-Back, Explained https://protectlegacy.net/the-new-york-5-year-medicaid-look-back-explained/ Fri, 19 Jun 2026 03:52:19 +0000 https://protectlegacy.net/the-new-york-5-year-medicaid-look-back-explained/ The New York 5-year Medicaid look-back is the rule that lets the state review the past 60 months of your financial records when you apply for institutional (nursing home) Medicaid, so it can catch any assets you gave away or sold below value in order to qualify. If the state finds such transfers, it imposes […]

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]]> Protecting Your Legacy: A New York Estate Planning Guide for 2026 https://protectlegacy.net/protecting-your-legacy-a-new-york-estate-planning-guide/ Fri, 19 Jun 2026 03:52:19 +0000 https://protectlegacy.net/protecting-your-legacy-a-new-york-estate-planning-guide/ Protecting your legacy in New York means putting four documents in place — a will, one or more trusts, a durable power of attorney, and a health care proxy — and then, where appropriate, layering in legitimate asset-protection tools well before any creditor or claim ever appears. That is the short answer, and the rest […]

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]]> LLCs and Asset Protection for New York Families https://protectlegacy.net/llcs-and-asset-protection-for-new-york-families/ Fri, 19 Jun 2026 03:52:18 +0000 https://protectlegacy.net/llcs-and-asset-protection-for-new-york-families/ If you are new to asset protection and wondering whether a Limited Liability Company (LLC) can shield your family’s wealth, here is the plain-English answer: an LLC is a genuinely useful tool, but only for the right job. An LLC separates the liabilities of a business or investment property from your personal assets, so a […]

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]]> How to Legally Protect Your Assets From Creditors in New York https://protectlegacy.net/how-to-protect-assets-from-creditors-in-new-york/ Fri, 19 Jun 2026 03:52:18 +0000 https://protectlegacy.net/how-to-protect-assets-from-creditors-in-new-york/ You can legally protect your assets from creditors in New York by using a combination of tools — irrevocable trusts, LLCs and business entities, ERISA-qualified retirement accounts, adequate liability and life insurance, and the statutory exemptions the law already gives you under CPLR Article 52 — but only if you act before a claim against […]

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]]> Does a Revocable Trust Protect Assets in New York? (The Honest Answer) https://protectlegacy.net/does-a-revocable-trust-protect-assets-in-new-york/ Fri, 19 Jun 2026 03:52:18 +0000 https://protectlegacy.net/does-a-revocable-trust-protect-assets-in-new-york/ Here is the honest answer, up front and without spin: No. A revocable living trust does not protect your assets from your own creditors in New York. If you can revoke it, amend it, and pull the money back out whenever you like, then the law treats those assets as still yours — and so […]

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]]> Asset Protection for Immigrant Investors in New York https://protectlegacy.net/asset-protection-for-immigrant-investors-in-new-york/ Fri, 27 Feb 2026 05:58:00 +0000 https://protectlegacy.net/asset-protection-for-immigrant-investors-in-new-york/ A plain-English guide to asset protection and estate planning for immigrant investors and entrepreneurs in New York, including non-citizen spouse rules.

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